Credit rating agency Moody’s upgrades N.J.’s credit rating to Aa3 from A1

Credit rating agency Moody’s upgrades N.J.’s credit rating to Aa3 from A1

Credit rating agency Moody’s has upgraded its rating on New Jersey’s general obligation bonds to Aa3 from A1, revising the outlook from positive to stable, citing financial reserves that will help the state weather economic uncertainty.  This is the state’s ninth credit rating upgrade since Gov. Phil Murphy took office. The last time the state had an Aa3 rating was in May 2014, when it was downgraded from A+. Aa3 is the fourth-highest level in i…

Moody’s upgrades NJ credit rating to Aa3

The basics: Moody’s upgrades New Jersey’s credit rating State maintains robust surplus and full pension contributions Ninth credit rating upgrade under Murphy administration S&P Global also raised NJ’s rating to A+ in August The Garden State has received another credit rating upgrade – this time from Moody’s Ratings. Moody’s announced Sept. 17 it upgraded the rating on New Jersey’s general obligation bonds from A1 to Aa3 while also revising the…